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Apple may move a quarter of iPhone production to India by 2025

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  • Apple may make one out of four iPhones in India by 2025.
  • India is world’s second-biggest smartphone market after China.
  • Pandemic hampered supply chain relocation plans for businesses.

Apple may make one out of four iPhones in India by 2025, J.P.Morgan analysts said on Wednesday, as the tech giant moves some production away from China, amid mounting geopolitical tensions and strict COVID-19 lockdowns in the country.

The brokerage expects Apple to move about 5% of iPhone 14 production from late 2022 to India, which is the world’s second-biggest smartphone market after China.

It is also estimating about 25% of all Apple products, including Mac, iPad, Apple Watch and AirPods, to be manufactured outside China by 2025 from 5% currently.

Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn, in line with the Indian government’s push for local manufacturing.

The pandemic hampered supply chain relocation plans for businesses, but with restrictions easing, more companies, including Apple, are reaccelerating these efforts this year.

“Taiwanese vendors such as Hon Hai and Pegatron play a key role in the relocation to India. In the medium to long term, we also expect Apple to qualify local India manufacturing suppliers,” according to J.P.Morgan analysts led by Gokul Hariharan, who is rated 4 out of 5 for estimates accuracy.

Bloomberg report said earlier this month that Indian conglomerate Tata Group was in talks with Wistron to establish a joint venture to assemble iPhones in the country amid Apple’s plans to cut production lag with China.

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Japan-Pakistan Ties: Japanese Ambassador Meets Yousuf Raza Gillani, Acting President

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Acting President Syed Yousuf Raza Gillani was visited by Mr. Mistuhiro Wada, the Japanese ambassador to Pakistan, in Aiwan-e-Sadar, Islamabad.

The meeting covered topics pertaining to cultural exchange, people-to-people contact, and bilateral cooperation.

Speaking at the event, Yousuf Raza Gillani stated that Pakistan values its connection with Japan.

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CCOP Meeting: Doha Meeting Chaired by DY PM Dar

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From Doha, Ishaq Dar, the deputy prime minister and foreign minister, presided over a Zoom meeting of the Cabinet Committee on Privatization.

With a primary focus on the divestment of Pakistan International Airlines Corporation Limited, the committee discussed a number of important matters during the discussion.

The committee approved the reference price for the sale of 60% of the shares of Pakistan International Airlines Corporation Limited, as suggested by the Privatization Commission Board, following extensive deliberations.

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Elections of the Broadcasters Association: Information Minister Congratulates Newly Elected PBA Office Bearers

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In addition to congratulating the recently elected Pakistan Broadcasters Association leaders, Federal Minister for Information and Broadcasting Attaullah Tarar stated that democracy and democratic values are strengthened by an autonomous and vibrant media.

Along with Secretary General Shakeel Masood, Joint Secretary Ahmed Zuberi, Finance Secretary Azhar Qazi, Senior Vice Chairman Salman Iqbal, Vice Chairman Mir Ibrahim Rehman, and newly elected Chairman Mian Amir Mehmood, he offered his congratulations.

According to the Federal Minister of Information, the government will keep working to ensure that media institutions are independent, grow, and are supported because they are a vital pillar of the state.

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